Premarket: European stocks falter, oil rises, as U.S. strikes Iran
European stock indexes showed mixed results as oil prices increased following recent U.S. strikes in Iran. Market optimism had been rising, but the strikes dampened hopes for a peace deal. Analysts noted that uncertainty in the Middle East continues to weigh on market sentiment.
- ▪European stock indexes were mixed, with the STOXX 600 down 0.2 percent.
- ▪Oil prices rose, with Brent Crude futures up 3.6 percent at $99.64 a barrel.
- ▪U.S. Secretary of State Marco Rubio indicated that negotiating a deal with Iran could take a few days.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEuropean stock indexes were mixed on Tuesday, pulling back slightly from recent gains, and oil prices rose after new U.S. strikes in southern Iran dampened investors’ hopes that a U.S.-Iran peace deal could be imminent. Market sentiment had turned more positive over the past week, as traders bet on a de-escalation in the U.S.-Israel war on Iran, which has severely disrupted Middle East oil and gas supplies since it began in late February. But traders re-adjusted this view on Tuesday after the U.S. said on Monday that it had carried out what it called defensive strikes in southern Iran. As talks continue, U.S.
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